Top startups news to follow this week: 1. Startups keep laying off swaths of employees as the downturn continues - TechCrunch 2. With biotech in retreat, Third Rock Ventures raises $1B for life sciences investing 3. Raleigh diagnostics startup Gemelli Biotech closes $19M Series A – investors include Carolina Angel Network 4. Zomato acquires Blinkit for $568 million in instant-grocery delivery push 5. AI-Powered Hong Kong Biotech Startup Raises $60 Million From Top VCs Including B...

Top startups news to follow this week: - The North American digital health market is touted to reach a valuation of USD 261 billion by 2027, reports GLOBE NEWSWIRE - Aurion Biotech Raises $120 Million from Deerfield Management, Petrichor, Flying L Partners, Falcon Vision/KKR, and Visionary Ventures - Hoxton Ventures raises $215 million in funds aimed at seeding European startups, report Fortune. -Forge Health secures $11M as it aims to be a ‘one-stop-shop for mental health and substance...

Top startups news to follow this week: -  French startup Sweep picks up €66.5 million for its leading carbon management platform, reports EU Startups - SeaX Ventures (Southeast Asia Exponential Ventures), with operations in the US & Thailand, has announced the close of its second fund to help accelerate the growth of global startups throughout Southeast Asia. - Evok Innovations, a venture firm committed to developing and deploying cutting-edge clean energy technology, last week...

Top startups news to follow this week: -  The global biopharmaceutical market size is expected to hit US$ 856.1 billion by 2030 and is expanding growth at a noteworthy CAGR of 12.5% from 2021 to 2030. - The $30 million fund called Curated is devoted to buying and holding NFT artwork. The fund plans to invest about half of the fund in so-called “blue-chip NFTs,” including popular projects like CryptoPunks, Art Blocks and Bored Apes, as well as works from popular artists selling singular NFT...

Top startups news to follow this week: -  The Research and Development (R&D) tax credit lets businesses deduct R&D expenses up to $250,000 per year from payroll tax, or an unlimited amount against income tax if your startup qualifies. Over several years, this credit could save you millions of dollars. - Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group’s Vision Fund 2 as its investors, is aiming to go public in early 2023, a source familiar with...

Top startups news to follow this week: -  As per Zion Market Research study, The Global Biotechnology Reagents Market accounted for USD 77.4 Billion in 2020 and is expected to reach USD 159.2 Billion by 2028. - Beam, a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. - The investors behind virtual hack.summit(), the world’s largest blockchain programmer event, have launched a $200...

Top startups news to follow this week: -  U.S. House of Representatives passed the America COMPETES Act to expand immigration opportunities for foreign-born scientists and engineers. If retained during negotiations with the Senate, the measures in the bill could become the most significant on legal immigration to pass Congress in more than 30 years. - Jumpstart Nova fund, launched in 2021 to invest exclusively in Black health-tech firms, has raised $55 million from investors including Eli...

Top startups news to follow this week: -  French Presidency of the Council of the European Union, France will focus on talent attractiveness and funding. There are some commitments to facilitate the creation of 10 to 20 late-stage investment funds with at least €1 billion under management and a boost in deep-tech financing. - Specialist VC (formerly known as United Angels VC) has announced the first close of a new €50 million fund at €42 million. The main focus of the fund is on pre-seed...

Top startups news to follow this week: -  Rise in prevalence of chronic diseases to help Digital Health market gain Valuation of US$ 1.2 Trn by 2028. The global digital health market is estimated to expand at a CAGR of 18.3% during the forecast period from 2021 to 2028, according to a study by Transparency Market Research (TMR). - BUSINESS WIRE reports that the global market for Biorefinery estimated at US$553.7 Billion in the year 2020, is projected to reach a revised size of US$979.5...

Top startups news to follow this week:   -  Esusu becomes unicorn with SoftBank Vision Fund 2-led $130M funding. Esusu, a fintech that targets immigrant and minority groups and provides rent reporting and data solutions for credit building, said Thursday it has raised $130 million in a Series B fundraising round. - Intellect, the Singapore-based mental health startup focused primarily on Asia-Pacific markets, announced today it has raised a $10 million Series A. The company’s services,...

Top startups news to follow this week: -  French robotic exoskeleton maker Wandercraft eyes US expansion courtesy of a $45M Series C. - Grocery delivery startup Calii is carving out a piece of Latin America’s $1 trillion groceries and food delivery market with its approach to cut inefficiencies in the food supply chain so it can bring produce and thousands of other grocery items to customers’ doorsteps in less than two hours. - French startup Exotec has raised a $335 million Series D round...

Top startups news to follow this week: - FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund (EEGF), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region. -Singapore-based industrial robotics firm Sesto this week announced a $5.7 million raise, featuring TRIVE, WTI GmbH and SEEDS Capital (Enterprise Singapore’s VC wing)....

Top startups news to follow this week: - Edtech giant Byju’s — which is leading the Indian startup ecosystem with the highest valuation — has received an offer from one of Churchill Capital’s special-purpose acquisition companies (SPAC) to go public in the USA, at a valuation of $48 billion. -The “Future Unicorns in Fintech” report analyzes the top 50 Fintech startups that have the potential to become unicorns (valuation more than US$1bn) based on the Unicorn Prediction Model. - 90% of...

Top startups news to follow this week:  - BrightChamps, an Indian edtech startup that is attempting to bridge the learning gap left by K12 schools, has raised $51 million in a new financing round and $63 million since launching a year ago. -Mobile marketing firm YellowHead and Facebook/Meta have launched the Meta Startup Hub, which is providing a variety of help to Israeli startups. - The Berlin-based foodtech company is poised to debut its chicken-less egg product in the first quarter of...

In this episode, Karen Vardanyan, Manager at Sprint Crowdfunders’ Fund joins HyeTech Minds to talk about some of the strategies and tactics that founders can use during their first crowdfunding campaigns. Karen shares his thoughts on the common challenges for startups during crowdfunding campaigns, and ways to overcome those challenges. He also gives tips on how to pick the right crowdfunding platform for a higher return. We also had an interesting conversation on how Armenia can scale the...

Sharing the following this week:  - Autonomous delivery startup has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. - Mark Cuban and former Oculus CEO back 3D e-commerce startup VNTANA, which helps e-commerce retailers show off products on their sites in glorious 3D, while also allowing users to view objects in augmented reality and try on items virtually. -...

According to McKinsey Institute, AI could deliver an additional output of $13 trillion to the world economy by 2030, which would boost global GDP by nearly 1.2 percent a year. The future is big for AI. In this episode, Hrant Davtyan, Founder, and CEO at Pinsight joins HyeTech Minds to talk about his startup journey. Hrant shares his thoughts on the importance of AI and Data in the decision-making process. Hrant also talks about the challenges and opportunities for Armenian startups to expand...

" 68 million young people unemployed globally. There are so many young people who are at an age they can start working. But unfortunately,  either they cannot afford higher education, or they don't have the chance; either they have single parents, or simply they don't have the means. Mentorship plays a huge role to get navigation, inspired to enter a specific profession, and connect with experts in the industry." In his episode, Lucy Setian, Founder of ManateeMentor joins HyeTech Minds to...

According to the latest Gallup report, 51% of employees are disengaged in the workplace, while 13% are actively disengaged. Another Gallup report on employee engagement shows that companies with a highly engaged workforce have 21% higher profitability. They also have 17% higher productivity than companies with a disengaged workforce. After a 24-hour hackathon, this Armenian startup came up with an effective technology solution that helps companies more engage with their employees. Founded in...

"Using computer vision technologies for mobile applications is the future. And that definitely has a very huge potential to improve the performance of users to help them achieve their fitness goals. And certainly, home fitness training will be democratized in many ways." In this episode, Aleksandr Simonyan, Founder and CEO of Immensus joins HyeTech Minds to talk about his startup journey and share his perspectives on how technology is changing the fitness industry and its impact on users...

"I wanted to move out from Google Photos because I had all of my lifetime photos there. I found really nothing. No other software was secure, versus as secure as I wanted. And also, there was no software that was also convenient and practical to use. So I decided to take the safe camera further and renamed it to Stringle photos," Alex Amiryan, CEO & Co-Founder of Stingle. In this episode HyeTech Minds host Alex Amiryan, CEO & Co-Founder of Stingle Photos. Stingle Photos is a...

Did you know that globally about 1 in 3, or 30%, of women, have been subjected to physical and/or sexual violence by an intimate partner or non-partner?  This Armenian-based startup SafeYou offers a community-based technology solution to women to be more protective against gender-based violence. SafeYou is a mobile app that creates a virtual safe space for women assisting them in three ways prevention, protection, and prosecution of gender-based violence. The app also seeks to raise...

The FBI recently reported an up to 400% increase in cyberattacks from what they were seeing pre-coronavirus. The global pandemic caused a global shift to remote and hybrid work, forcing organizations to pivot the way they operate practically overnight. At the same time, cybercriminals saw an opportunity and becoming more sophisticated.  In this Episode, Gerasim Hovhannisyan, CEO & Co-Founder, EasyDMARC, an Armenia-based cybersecurity SaaS that helps businesses to minimize the probability...

Sharing the following this week: - Indian Edtech startup BYJU'S becomes India’s most valued startup after $340 million funding. - Former Reddit CEO’s New startup Terraformation Inc. raises $30 Million to restore forests and tackle climate change. - Blockchain startup Solana Labs Inc. says it has raised $314 million of new funding to develop technology used in the fast-growing area of the cryptocurrency markets known as decentralized finance or DeFi. - Cerebral Inc., a startup that...